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An announcement from Bunzl plc ( (GB:BNZL) ) is now available.
Bunzl plc has announced the repurchase of 78,598 ordinary shares as part of a share buyback program previously approved by shareholders. The repurchase aims to enhance shareholder value by reducing the number of shares outstanding, thereby increasing earnings per share. Following this transaction, Bunzl’s total voting rights stand at 330,243,030, which stakeholders can use to assess their share interests in compliance with FCA regulations. This buyback is part of a larger £200 million program, reflecting Bunzl’s strategic focus on optimizing capital structure and returning value to shareholders.
More about Bunzl plc
Bunzl plc operates in the distribution and outsourcing industry, specializing in the supply of a wide range of non-food consumable products. It primarily serves business sectors such as foodservice, grocery, cleaning and hygiene, and safety across global markets.
YTD Price Performance: 4.61%
Average Trading Volume: 797,279
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £11.31B
Find detailed analytics on BNZL stock on TipRanks’ Stock Analysis page.
